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thank you!! 24) Three years ago, The Blackburn Group issued 20-year, unsecured bonds rated BB by Moody's at 3.5%. You have now owned the bond
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24) Three years ago, The Blackburn Group issued 20-year, unsecured bonds rated BB by Moody's at 3.5%. You have now owned the bond for 5 years. The current yield for bonds of this type of bond is 5.9%. The par value is $1,000. If you were sell this bond today, what is the appropriate purchase price Step by Step Solution
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